Be selective in stock picking; HFCs still look good: Karthikraj Lakshmanan, BNP Paribas MF

Karthikraj Lakshmanan, Senior Fund Manager- Equities at BNP Paribas MF says that the domestic market are trading at multiples which are above the long-term averages by a good margin. In an interview to ET Now, Lakshmanan said investors should be selective in buying stocks. Excerpts:

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via Be selective in stock picking; HFCs still look good: Karthikraj Lakshmanan, BNP Paribas MF

Snapdeal files FIR against GoJavas promoters with EOW alleging cheating, conspiracy

BENGALURU: In midst of acquisition talks with online marketplace Fipkart, Snapdeal owner Jasper Infotech has registered a First Information Report (FIR) with the Economic Offences Wing of Delhi Police against former senior executives of Quickdel Logistics, the parent company of e-commerce logistics

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via Snapdeal files FIR against GoJavas promoters with EOW alleging cheating, conspiracy

Ola to train youth in tie-up with state

MUMBAI: The state government has decided to take the help of private cab aggregator Ola to train 20,000 youth in the next five years. The skill development department is launching a project jointly with the aggregator to make micro-entrepreneurs.

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via Ola to train youth in tie-up with state

In crackdown, 500 Ola, Uber driver partners issued memos

MUMBAI: The transport department's crackdown against Ola and Uber drivers plying without app-based permits entered its second day, with nearly 500 driver partners being issued memos.

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via In crackdown, 500 Ola, Uber driver partners issued memos

GST likely to be disruptive; market may pause, take note: Anand Tandon

Anand Tandon, Independent Analyst, neither likes aviation nor pharmaceutical stocks. In an interview with ET Now, the expert said that banks such as ICICI Bank and SBI which are working on big NPA accounts should be on investors' radar. Excerpts:

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via GST likely to be disruptive; market may pause, take note: Anand Tandon

India's GST: Is it a modified Value Added Tax?

Under the Indirect taxes structure in India, indirect taxes like VAT, Excise, Service Tax, Entry Tax etc. are levied on consumption whereas the direct taxes (Income Tax) are levied on the income earned.

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via India's GST: Is it a modified Value Added Tax?

TPG's Trujillo goes from investor to fixer atop troubled Uber

Uber Technologies Inc's new board member, David Trujillo, spearheaded TPG's investments in four startups now valued at more than $5 billion each.

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via TPG's Trujillo goes from investor to fixer atop troubled Uber